Kiwi takes flight on rates.

Australasian Business Intelligence,  August, 2006  

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Byline: Matthew Coghlan

Aug 31, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The Australian dollar reached a high of around $US0.77 for the month of August 2006. The currency was trading at $US0.7608 at the beginning of August, and was pushed higher by currency traders who were keen to capitalise on its yield advantage in the wake of a 25 basis point rate in Australia's official cash rate. The Australian dollar lost ground against other key international currencies, while the New Zealand dollar ...

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